OFS Capital Corp. commenced an underwritten offering of unsecured notes.

The company has submitted an application for the notes to be listed and trade on the Nasdaq Global Select Market under the trading symbol OFSSG. The interest rate and other terms of the notes will be determined at the time of pricing of the offering, according to a news release.

OFS Capital plans to use the net proceeds of the offering to fund investments in debt and equity securities and for other general corporate purposes. It also intends to use a portion of the net proceeds to repay outstanding debt under its senior secured revolving credit facility with Pacific Western Bank, as amended, which had an outstanding balance of $15.0 million as of Sept. 10.

Ladenburg Thalmann & Co. Inc., Janney Montgomery Scott LLC and National Securities Corp. are the joint bookrunning managers of the offering.